OPEC, the global oil cartel which worked to fix prices for the benefit of its members, is dead. So writes Pascal-Emanuel Gobry in The Week. The group isn’t officially dead, but they’ve lost their ability to dominate the global oil markets. The reason? Shale oil, particularly here in the United States. Fracking has “massively expanded oil…

Over the Thanksgiving holiday some news broke that no doubt has many North Dakotans – private citizens and policymakers alike – feeling a bit nervous. OPEC, the international oil cartel, has announced that they won’t be cutting oil production in the face of dropping prices. That means oil prices are going remain low for the…